Verizon Unions Plan Strike if Demands Aren't Met by Wednesday

  • CWA, IBEW represent 39,000 workers, mostly in landline unit
  • Union members have been without a contract since Aug. 1.
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Verizon Communications Inc.’s largest labor unions -- the Communications Workers of America and the International Brotherhood of Electrical Workers -- have given the companyBloomberg Terminal until Wednesday morning to settle contract discussions or face a strike.

About 39,000 union members have been working for Verizon without a contract since Aug. 1. The two sides haven’t been able to agree on issues such as job security, employee transfers and the cost of health benefits.